Raymond James Increases Earnings Estimates for Royal Gold

Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL - Stock analysts at Raymond James raised their FY2024 earnings per share estimates for Royal Gold in a research note issued on Sunday, November 10th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $5.05 for the year, up from their previous estimate of $4.83. Raymond James currently has a "Outperform" rating and a $186.00 target price on the stock. The consensus estimate for Royal Gold's current full-year earnings is $5.07 per share. Raymond James also issued estimates for Royal Gold's Q4 2024 earnings at $1.42 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.46 EPS and FY2025 earnings at $5.80 EPS.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm's revenue for the quarter was up 39.8% on a year-over-year basis.

Several other research firms also recently commented on RGLD. Scotiabank raised their target price on Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. TD Securities lifted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, November 7th. StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group lifted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $165.43.

Royal Gold Trading Down 3.0 %

RGLD stock traded down $4.29 during midday trading on Tuesday, hitting $139.24. The stock had a trading volume of 139,598 shares, compared to its average volume of 365,304. Royal Gold has a 52 week low of $100.55 and a 52 week high of $155.10. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 1.24 and a beta of 0.90. The stock has a 50-day simple moving average of $143.68 and a 200 day simple moving average of $135.21.

Institutional Trading of Royal Gold

Institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in shares of Royal Gold in the third quarter valued at approximately $38,000. Compagnie Lombard Odier SCmA bought a new position in shares of Royal Gold in the third quarter worth $49,000. Blue Trust Inc. raised its stake in Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 213 shares in the last quarter. Mather Group LLC. bought a new stake in Royal Gold during the second quarter worth about $62,000. Finally, Quest Partners LLC acquired a new stake in Royal Gold during the third quarter worth about $62,000. 83.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Paul Libner sold 1,500 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the sale, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now directly owns 8,194 shares of the company's stock, valued at $1,154,124.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Libner sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the sale, the chief financial officer now owns 18,657 shares of the company's stock, valued at approximately $2,659,182.21. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,355 shares of company stock worth $1,038,155 in the last quarter. Corporate insiders own 0.52% of the company's stock.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. Royal Gold's dividend payout ratio is 36.70%.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.